Rationale
- Majority stake in a large company covering the bulk of the sector of interest
Investment Criteria
- ~AED 1bn investment size
- Strong revenue growth
- Target double-digit IRR
- Healthy balance sheet
At a Glance
With its trademark growth mindset, Multiply Group PJSC is an Abu Dhabi-based holding company that invests in transformative cash-generating businesses it understands. Multiply Group will continue to deploy capital across its two distinct arms, both of which follow a disciplined approach to investing and ensure consistent, sustainable value creation for our shareholders in the short-medium and long-term:
MULTIPLY
The investments and operations in long-term strategic verticals, currently Mobility, Energy and Utilities, Media and Communications, and Beauty and Wellness. Anchor investments provide long term recurring income, through which bolt-on acquisitions are made.
MULTIPLY +
A flexible, sector-agnostic and opportunistic investment arm.
Key Highlights
capital deployed to-date
19bn
AED
Asset Base
39bn
AED
Companies
8
High-Growth Countries
5
High-Potential Sectors
4
revenue
1.3bn
AED
Gross Profit Margin
51%
Adjusted EBITDA (Excluding unrealised FV Changes)
1.6bn
AED
reported net profit (including AED 562mn unrealised FV Changes)
552mn
AED
Investment & Other Income (Excluding unrealised FV Changes)
969mn
AED
net debt / equity
0.27
*FY 2023
Our Profile
Our Strategy
Objective
Buy-outs of leading strong cash generating businesses in proven solid industries. Generate value through EBITDA consolidation, dividend generation, value appreciation and synergies.
Anchors
Bolt-ons
Rationale
- Significant stakes in companies that bring synergetic value to the Anchor
- Value accretive to the Group
- Cash flow generative
- Operationally Profitable
Enter
- Vertical strategy development
- Anchor acquisition
Build
- Bolt-on acquisitions to upscale the anchor
- Digitize scaled business
Mature
- Empower anchors for greater independence
- Continued support by acquiring digital capabilities
Exit
- IPO
- Divestment
Objective
Sector-agnostic minority investments with outstanding financial returns
Public Companies
Rationale
- Fundamentally strong listed companies available at an attractive valuation
Investment Criteria
- ~AED 200mn ticket size
- Attractive dividend yield
- Discounted valuation
Private Companies
Rationale
- Private businesses with a strong dividend profile and a clear valuation upside within a 1 to 2 year exit horizon
Investment Criteria
- 10%+ revenue growth
- Profitable and high margins
- High visibility on exit within 1-2 year
Our Investment Portfolio
A Diversified Multi-Sector Investment Portfolio
A Diversified Multi-Sector Investment Portfolio
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